Title RPT, Real Property Tax

§ 485. Nuclear powered electric generating facilities. 1. Nuclear powered electric generating facilities shall be exempt from taxation, special ad valorem levies and special assessments to the extent provided in section four hundred ninety of this article upon the adoption of a …

§ 485-a. Residential-commercial urban exemption program. 1. Definitions. As used in this section, the following terms shall have the following meanings: (a) "Municipality" means any town, city or village except for a city having more than one million inhabitants. (b) "Applicant"…

§ 485-b. Business investment exemption. 1. Real property constructed, altered, installed or improved subsequent to the first day of July, nineteen hundred seventy-six for the purpose of commercial, business or industrial activity shall be exempt from taxation and special ad valo…

§ 485-c. Exemption from taxation of real property used in manufacture of steel in cities of fifty thousand or more persons. Notwithstanding the provisions of any law to the contrary, blast furnaces, open hearth furnaces, soaking pits and coke ovens which are used in the manufact…

§ 485-d. Water-works corporations. Real property situated in a city with a population of one million or more owned by a water-works corporation subject to the provisions of the public service law and used exclusively for the sale, furnishing and distribution of water for domesti…

§ 485-e. Empire zone exemption. 1. (a) Real property constructed, altered, installed or improved in an area designated an empire zone pursuant to article eighteen-B of the general municipal law shall be exempt from taxation and special ad valorem levies by any municipal corporat…

§ 485-f. Banking development districts. 1. Real property altered, constructed, installed, or improved for use as a branch of a bank, trust company or national bank in an area designated as a banking development district by the superintendent of financial services pursuant to sec…

§ 485-g. Infrastructure exemption. 1. A county, city, town or village may by local law or a school district may by resolution provide that the exemption under this section shall be applicable within its jurisdiction. A copy of such local law or resolution shall be filed with the…

§ 485-h. Residential investment exemption; certain cities. 1. Residential real property constructed on or after the first day of July, two thousand three in cities with a population of not less than thirty-one thousand and not more than thirty-two thousand may be exempt from cit…

* § 485-i. Residential investment exemption; certain school districts. 1. Residential real property constructed on or after the first day of July, two thousand three in school districts which serve a city with a population of not less than thirty-one thousand and not more than t…

* § 485-i. Residential investment exemption; certain cities. 1. Residential real property constructed on or after the first day of April, two thousand four in cities with a population of not less than thirty-four thousand and not more than thirty-five thousand based upon the two…

* § 485-j. Residential property improvement exemption; certain cities.\n1. Construction of improvements to residential real property initiated\non or after the first day of January, two thousand six in the cities\nwith a population of not less than one hundred thirty thousand an…

* § 485-j. Residential investment exemption; certain cities. 1.\nResidential real property constructed on or after the first day of July,\ntwo thousand six in cities with a population of not less than eighteen\nthousand and not more than eighteen thousand five hundred based upon…

* § 485-j. Residential investment exemption; certain cities and school districts. 1. Residential real property constructed on or after the first day of July, two thousand five located in a city or a school district which serves a city with a population of not less than thirteen …

* § 485-j. Residential investment exemption; certain cities. 1. Residential real property constructed on or after the first day of April, two thousand six in cities with a population of not less than fifty-five thousand and not more than fifty-six thousand based upon the two tho…

* § 485-j. Residential investment exemption; certain cities. 1. Residential real property constructed on or after the first day of January, two thousand five in cities with a population of not less than sixty thousand six hundred and not more than sixty-one thousand based upon t…

§ 485-k. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJanuary, two thousand five in school districts which serve a city with a\npopulation of not less than sixty thousand six hundred and not m…

* § 485-l. Residential property improvement; certain towns. 1.\nConstruction of improvements to residential real property initiated on\nor after the first day of January, two thousand seven in towns with a\npopulation of not less than one hundred thousand and not more than one\n…

* § 485-l. Residential investment exemption; certain school districts. 1. Residential real property constructed on or after the first day of July, two thousand seven in school districts which serve a city with a population of not less than eighteen thousand and not more than eig…

§ 485-m. Residential investment exemption; certain school districts.\n1. Residential real property constructed on or after the first day of\nJanuary, two thousand eight in school districts which serve a city with\na population of not less than thirty-four thousand and not more t…

* § 485-n. Residential-commercial exemption program. 1. Definitions. As used in this section, the following terms shall have the following meanings: (a) "Applicant" means any person obligated to pay real property taxes on real property for which an exemption from taxes under thi…

§ 485-o. New residential property exemption; certain cities. 1. Construction of qualified new residential structures or total rehabilitation of qualified vacant residential structures determined to be unoccupied hazards initiated on or after the first day of January, two thousan…

* § 485-p. Economic transformation area exemption. 1. (a) Real property constructed, altered, installed or improved in an economic transformation area as defined in subdivision ten of section four hundred of the economic development law which is used for business, commercial or …

§ 485-q. Residential investment exemption; certain cities. 1. Residential real property constructed on or after the first day of July, two thousand fourteen in cities with a population of not less than thirteen thousand five hundred and not more than fourteen thousand, determine…

§ 485-r. Residential redevelopment inhibited property exemption. 1. As\nused in this section, the following terms shall have the following\nmeanings:\n (a) "Redevelopment inhibited property" shall mean a residential\nproperty that has been neglected or abandoned because of the l…

* § 485-s. Residential reassessment exemption. 1. Applicability. The\ngoverning body of a town with a population of not less than eighty-five\nthousand persons and not more than ninety-five thousand persons located\nin a county of not less than nine hundred thirty thousand perso…

* § 485-s. Residential reassessment exemption. 1. Applicability. The\ngoverning body of a town with a population of not less than thirty-seven\nthousand persons and not more than thirty-eight thousand persons located\nin a county of not less than nine hundred thirty thousand per…

* § 485-s. Mixed use exemption program for villages. 1. As used in this section, the following terms shall have the following meanings: (a) "Applicant" means any person obligated to pay real property taxes on the property for which an exemption from real property taxes under thi…

§ 485-t. Owner occupied residential property exemption program. 1.\nDefinitions. As used in this section, the following terms shall have the\nfollowing meanings:\n (a) "Applicant" means any person obligated to pay real property taxes\non real property, which he or she owns and u…

§ 485-u. Class one reassessment exemption. 1. Applicability. A special assessing unit that is not a city may, by local law, opt to provide a class one reassessment exemption as provided in this section. Such exemption shall apply in the same manner and to the same extent to coun…

* § 485-v. Residential revaluation exemption. 1. Applicability. The governing body of an assessing unit may, after a public hearing, adopt the provisions of this section by local law in the first year of a full value revaluation to provide a residential revaluation exemption. If…

*§ 485-v. Residential and mixed-use investment exemption; certain cities and school districts. 1. As used in this section: (a) "residential and mixed-use real property" means any structure containing one to four units of which one unit may be for commercial or retail use, and th…

* § 485-w. Newly constructed single-family and multi-family\nresidential exemption; certain villages. 1. Single-family and\nmulti-family residential properties constructed subsequent to the\neffective date of a local law adopted pursuant to this section shall be\nexempt from vil…

§ 485-x. Affordable neighborhoods for New Yorkers tax incentive. 1. Definitions. For purposes of this section: (a) "Affordability option A" shall mean: (i) for a large rental project, that, within any eligible site: (A) not less than twenty-five percent of the dwelling units are…

§ 485-y. Vacant residential real property improvement exemption; certain cities. 1. Construction of improvements to residential real property, provided that such real property was continuously vacant for a period of at least three years prior to such construction, initiated on o…

§ 486. Non-profit medical and dental indemnity, or hospital service corporations. Real property owned by a medical expense indemnity corporation, dental expense indemnity corporation or hospital service corporation shall be entitled to the exemption provided in the insurance law…

§ 486-a. Non-profit corporations operating as health maintenance organizations. Real property owned by a not-for-profit corporation operating as a health maintenance organization subject to the provisions of article forty-four of the public health law and used exclusively for it…

§ 487. Exemption from taxation for certain energy systems. 1. As used in this section: (a) "Solar or wind energy equipment" means collectors, controls, energy storage devices, heat pumps and pumps, heat exchangers, windmills, and other materials, hardware or equipment necessary …

§ 487-a. Exemption from taxation of conservation improvements to\ncertain residential premises. Insulation and other energy conservation\nmeasures hereafter added to one, two, three or four family homes, which\nqualify for (a) financing under a home conservation plan pursuant to…

§ 488. Retirement systems. Real property owned by a retirement system shall be entitled to the exemption provided in the insurance law.

§ 488-a. Rehabilitation of certain class B multiple dwellings and class A multiple dwellings used for single room occupancy. 1. Definitions. For the purposes of this section the following terms shall have the meaning specified in this subdivision: a. "Eligible real property" sha…

§ 489. Exemption from taxation of alterations and improvements to\nmultiple dwellings to eliminate fire and health hazards; abatement. 1.\n(a) Any city to which the multiple dwelling law is applicable, acting\nthrough its local legislative body or other governing agency, is here…

§ 489-a. Legislative declaration. It is hereby found and declared that continued operation of railroads in the state and improvement of their service and facilities are essential to the commerce, defense, and general welfare of the people of the state; that the financial conditi…

§ 489-aa. Legislative declaration. It is hereby found and declared that continued operation of the interstate railroads in the state and improvement of their service and facilities are essential to the commerce, defense, and general welfare of the people of the state; that in th…

§ 489-aaa. Definitions. When used in this title: 1. "Applicant" means any person or corporation obligated to pay real property taxes on the property for which an exemption is sought, or in the case of exempt property, the record owner thereof, provided, however, that such proper…

§ 489-aaaa. Definitions. When used in this title: 1. "Applicant" means any person obligated to pay real property taxes on the property for which an exemption from or abatement or deferral of real property tax payments is sought, or in the case of exempt property, the record owne…

§ 489-aaaaa. Definitions. When used in this title: 1. "Aggregate floor area" means the sum of the gross areas of the several floors of a building or structure, measured from the exterior faces of exterior walls or from the center lines of walls separating two buildings or struct…

§ 489-aaaaaa. Definitions. When used in this title: 1. "Commercial construction work" means the construction of a new building or structure or the modernization, rehabilitation, expansion or improvement of an existing building or structure for use as commercial property. 2. "Com…

§ 489-b. Definitions. When used in this title, unless otherwise expressly stated: 1. "Assessing unit" means a city, town or village. 2. "Railroad company" means a corporation, joint stock company, association, partnership, individual or other person operating a railroad system w…

§ 489-bb. Definitions. When used in this title, unless otherwise expressly stated: 1. "Assessing unit" means a city, town or village. 2. "Railroad company" means a corporation , joint stock company, association, partnership, individual or other person operating a railroad system…